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Registered number: 12950164
The Property Medic (NW) Ltd
Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12950164
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,482 21,976
16,482 21,976
CURRENT ASSETS
Stocks 5 5,000 15,000
Debtors 6 10,818 70,063
Cash at bank and in hand 212 1,331
16,030 86,394
Creditors: Amounts Falling Due Within One Year 7 (156,163 ) (132,816 )
NET CURRENT ASSETS (LIABILITIES) (140,133 ) (46,422 )
TOTAL ASSETS LESS CURRENT LIABILITIES (123,651 ) (24,446 )
NET LIABILITIES (123,651 ) (24,446 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (123,751 ) (24,546 )
SHAREHOLDERS' FUNDS (123,651) (24,446)
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Ullah
Director
13 May 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Property Medic (NW) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12950164 . The registered office is C/O Seftons, 135 - 143 Union Street, Oldham, Lancashire, OL1 1TE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2024 10,000 31,000 41,000
As at 31 October 2025 10,000 31,000 41,000
Depreciation
As at 1 November 2024 6,836 12,188 19,024
Provided during the period 791 4,703 5,494
As at 31 October 2025 7,627 16,891 24,518
Net Book Value
As at 31 October 2025 2,373 14,109 16,482
As at 1 November 2024 3,164 18,812 21,976
5. Stocks
2025 2024
£ £
Stock 5,000 15,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 10,818 69,160
Other debtors - 903
10,818 70,063
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 10,000
Bank loans and overdrafts 17,861 11,789
Other creditors 84,691 64,766
Taxation and social security 53,611 46,261
156,163 132,816
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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